The National Academies Corporation

Analysis

The National Academies Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The National Academies Corporation reported income of $281k and spending of $1.4m, spending 486% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $281k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 182% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The National Academies Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Pit & Balcony Inc ($281k), Latino Center of Art and Culture ($281k) and National Organization for Arts in Health ($281k).

At year end it held assets of $18.0m against liabilities of $325k, net assets of $17.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.